April Wu

China Market Strategy

September 15, 2015

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Retail News Roundup – Sep 15

The top 5 retail news clips in Asia this week.

1 – H&M to open first India store Oct 2, marks entry into 60th market

The group is expected to open as many as 30 stores in India next year. With $22 billion in global sales, the firm had at the time of application proposed to invest Rs 750 crore in India. >>

2 – Buffalo Wild Wings eyes Asia expansion

US restaurant chain Buffalo Wild Wings is on an expansion mode. The casual-dining chain, known for its sports-viewing atmosphere and chicken wings, plans to open 400 restaurants in international locations in the next 10 years, and Asia is one of its top focus regions. >>

3 – McDonald’s India to double network

McDonald’s India says it plans to open a new restaurant every week for the next five years. That’s 250 restaurants by the end of 2015, more than double its current network of 231. >>

4 – Alibaba launches sports company

Alibaba Group’s expansion into non-eCommerce businesses such as movies and music took another step today as the group announced the establishment of a sports company, aiming to “transform China’s sports industry through Internet-enabled technologies.” >>

5 – Interview : IKEA positive on China despite economic slowdown

IKEA does not expect a slowdown in demand for its products in its fastest-growing market, China, despite a sluggish economy, and the world’s biggest furniture retailer is sticking to investment plans for the country. >>